Exam (elaborations)
Pretty Loan Signing NNA Practice Exam Questions AND ANSWERS.
- Course
- Institution
Pretty Loan Signing NNA Practice Exam Questions AND ANSWERS.
[Show more]
Content preview
Pretty Loan Signing NNAPractice Exam Questions AND
ANSWERS
When performing an acknowledgement, the Notary must watch the signer
sign the document.
True or False - answer False. (they're only admitting that they signed it
not that it was signed in the notary's presence)
For a jurat or verification on oath or affirmation, the signer must swear or
affirm that the signature on the document is his or hers. True or False ? -
answer False. (they only must swear that statements in the document
are true. The notary should be able to verify identity already.
An affirmation is the legal equivalent of an oath but has no reference to a
supreme being.
True or False ? - answer True. (An affirmation is made on a person's honor
but an oath is made to a supreme being.)
A Notary may notarize his or her own signature.
True or False ? - answer False. (Notaries may not notarize their own
signature or on a document where they're named or have any beneficial
interest in.)
Blank spaces in a notarized document leave the document vulnerable to
fraudulent abuse.
True or False ? - answer True. (Someone could fill in the blanks.)
When there is no preprinted Notary Certificate on the document the
notary should ? - answer Ask the signer what type of notarization is
, needed and show him or her sample certificate forms from which to
choose.
For an acknowledgement the notary certifies that ? - answer The signer
appeared before the Notary at the time of the notarization.
For an acknowledgement, the signer must always: - answer The signer
must be positively identified by the Notary.
If the preprinted venue on a Notary certificate is incorrect: - answer The
notary should line through the incorrect venue, print the correct venue
nearby, and initial and date the change.
The venue in the notary certificate is the : - answer State & County where
the notarization takes place.
Who are you representing at the loan signing? - answer The Lender
Refinance, Purchase, HELOC, Commercial, Construction, and Reverse are
all similar how? - answer These are different types of Mortgages and
Loans we facilitate as NSA.
A refinance loan closes and funds. The lender forgot to tell the borrowers
about the right of rescission. How long do the borrowers have to rescind
the loan?
-3 days
-3 months
-3 years
-Only until the first payment is due - answer 3 days
Refinance - answer Obtaining a new mortgage to replace an existing one
through primary residence, vacation home, and second property
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GUARANTEEDSUCCESS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now